Comparable to the French limited company, a limited company is a type of business status most frequently utilized by smaller firms engaged in commerce and related service-related activities. We then refer to SLU, which may be administered by a single person.
The legislation specifies the need of having a statutory capital of at least € 3,000 to move forward with the formation of this kind of business and corporation in Andorra.
The installation costs to be provided are as follows:
Large organizations typically use this kind of structure. A bigger or fewer number of shareholders each share in the capital of the SA.
In Andorra, this kind of corporation must have a minimum of € 60,000 in capital. The license and registration price is 850 euros. Similar to the SL, installation expenses are also comparable.
For his business, a single individual may implement the adoption of this status. SAU (Société Anonyme Unipersonnelle), Public Limited Single-Member Corporation is what this is.
It is essentially a sole proprietorship with just one shareholder, thus the term “unipersonal.” An S.L.U. must also have €3,000 in the capital when it is first established.
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Chandrawat & Partners stands as a dynamic and rapidly expanding full-service firm, specializing in the delivery of exceptional professional and corporate services to a diverse clientele, both foreign and local. We proudly represent companies and individuals across a wide spectrum of sectors through distinct entities established in various countries worldwide.
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